Pivot: 48.65
Our preference: Short positions below 48.65 with targets @ 47.4 46.65 in extension.
Alternative scenario: Above 48.65 look for further upside with 49.5 50.5 as targets.
Comment: As long as the resistance at 48.65 is not surpassed, the risk of the break below 47.4 remains high.
Supports and resistances:
50.5
49.5
48.65
47.8 Last
47.4
46.65
45.95
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